Analysts Set B2Gold Corp. (TSE:BTO) PT at C$6.01

Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have been given an average rating of “Hold” by the nine brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$6.01.

BTO has been the subject of a number of recent research reports. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. BMO Capital Markets cut their price target on B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. Cormark upgraded B2Gold from a “market perform” rating to a “buy” rating and raised their price objective for the stock from C$4.50 to C$6.25 in a research note on Friday, February 21st. Finally, TD Securities downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th.

B2Gold Stock Down 8.6 %

BTO stock opened at C$4.15 on Wednesday. The business’s fifty day moving average price is C$3.89 and its two-hundred day moving average price is C$3.99. The stock has a market capitalization of C$3.84 billion, a price-to-earnings ratio of -4.78, a PEG ratio of -0.27 and a beta of 1.23. B2Gold has a fifty-two week low of C$3.16 and a fifty-two week high of C$4.84. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33.

B2Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were issued a $0.02 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.93%. B2Gold’s dividend payout ratio (DPR) is currently -25.32%.

Insider Activity

In other B2Gold news, Director Clive Thomas Johnson sold 86,496 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$3.85, for a total value of C$333,009.60. Also, Senior Officer William Lytle sold 54,062 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$3.85, for a total value of C$208,138.70. In the last three months, insiders have sold 168,420 shares of company stock worth $649,531. Corporate insiders own 0.66% of the company’s stock.

B2Gold Company Profile

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.